Illumina, Inc. Q1 2026 Financial Results and Share Repurchase Program
Illumina, Inc. reported its financial results for the first quarter of fiscal year 2026, with revenue reaching $1.09 billion, a 4.8% increase from Q1 2025. The company announced a GAAP operating margin of 19.2% and a non-GAAP operating margin of 21.9%, with GAAP diluted EPS at $0.87 and non-GAAP diluted EPS at $1.15. Illumina has raised its full-year revenue and EPS guidance for fiscal year 2026, now expecting total revenue between $4.52-$4.62 billion and non-GAAP diluted EPS of $5.15-$5.30. Additionally, the companyβs Board of Directors authorized a new $1.5 billion share repurchase program, the 2026 Repurchase Program, effective April 28, 2026. Free cash flow for Q1 2026 was $251 million, an increase from $208 million in the prior year period. The company also noted the demand for NovaSeq X is increasing.